Portfolio update: Reduced to 26 companies from 28 earlier.
Exited:
Zee: Unexpected twists/turns. Exited with 60% profit. Not bad at all for 70 days holding.
AIA, Mahanagar Gas: Very Low weightage in portfolio.
Partial Exit: IRFC: As mentioned earlier, wanted to exit this due to bad business selection. Bias to recover the investment. Does not seem to happen anytime soon.
Used the proceeds from above to TATA POWER and HERO MOTOCORP.
New entry:
TATA power: Integrated player in power space, Leader in rooftop solar, plans to setup EV charging stations acrosss India, bit of gamble based on Electricity Amendment Bill, and TRUST on the management.
Accumulation: HERO MOTOCORP, LAURAUS LABS albeit at higher price than today.
Mild Accumulation: Deepak Nitrite
Current portfolio looks like:
| Company name | Average price | % (Weight) | %ge Gain |
|---|---|---|---|
| PowerGrid | 105 | 17.95 | 90.28% |
| ITC | 210 | 15.19 | 5.55% |
| CUB | 105 | 13.4 | 37.47% |
| UB | 912 | 6.74 | 64.90% |
| Laurus Labs | 473 | 5.4 | 6.25% |
| Deepak Nitrite | 1734 | 4.68 | 20.30% |
| WABCO India | 5550 | 4.06 | 48.23% |
| Suprajit Engineering | 227 | 3.31 | 87.92% |
| Reliance Industries | 1024 | 3.28 | 138.43% |
| Astral | 256 | 3.13 | 725.27% |
| Tata Power Company | 253 | 3.06 | -13.63% |
| Hero Motocorp | 2828 | 2.96 | -11.93% |
| Avanti Feeds | 164 | 2.24 | 218.19% |
| Cera Sanitaryware | 1461 | 2.19 | 234.71% |
| Tech Mahindra | 456 | 1.96 | 237.24% |
| IRFC | 26 | 1.76 | -10.96% |
| Balkrishna Industries | 410 | 1.55 | 427.23% |
| Elgi Equipments | 111 | 1.47 | 144.30% |
| Alembic Pharmaceuticals | 607 | 1.38 | 31.80% |
| Kotak Mahindra Bank | 761 | 1.31 | 165.39% |
| V-Guard Industries | 65 | 1.21 | 254.83% |
| Jamna Auto Industries | 48 | 0.92 | 112.63% |
| Oriental Carbon & Chemicals | 905 | 0.47 | 5.59% |
| Shilp Gravures | 67 | 0.28 | 51.00% |
| Ducon Infratechnologies | 20 | 0.06 | -54.36% |
| Yes Bank | 34 | 0.03 | -64.14% |